Suez Canal Authority cuts passage fees reduced for two months

The Suez Canal Authority has reduced fees for container ships crossing the Suez Canal until 30 June. Fees will be slashed by 60%-75% for transit container ships originating from the US and heading to destinations in Southeast Asia. Container ships originating from Northwest European ports and the ports of Tangier and Algeria, also heading to Southeast Asian ports, will see fees reduced by 17% as of 1 May and until 30 June. The SCA has regularly been offering discounts to vessels passing through the canal in a bid to attract more traffic.